Reported 8 months ago
Nvidia's stock has dropped by 16% in a week, wiping out $431 billion in market value. Analysts suggest the decline is due to profit-taking rather than any fundamental news, presenting it as a buy-the-dip opportunity. Starting from a record high last Thursday, the stock fell by 7% intraday, followed by 3% and another 7% declines. The significant year-to-date and two-year gains have prompted investors, including Nvidia CEO Jensen Huang, to sell shares. Despite the recent drop, experts like R 'Ray' Wang and Vivek Arya remain optimistic about Nvidia's future potential.
Source: YAHOO